Peapack Gladstone Financial Corp Decreases Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Peapack Gladstone Financial Corp cut its stake in Telefónica, S.A. (NYSE:TEF) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,500 shares of the utilities provider’s stock after selling 9,463 shares during the period. Peapack Gladstone Financial Corp’s holdings in Telefónica were worth $98,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of Telefónica by 3.7% during the third quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 2,332 shares during the period. GAMMA Investing LLC boosted its position in Telefónica by 18.3% during the fourth quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 2,936 shares during the last quarter. Gitterman Wealth Management LLC boosted its position in Telefónica by 8.5% during the fourth quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider’s stock worth $166,000 after acquiring an additional 3,246 shares during the last quarter. MML Investors Services LLC boosted its position in Telefónica by 7.8% during the third quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 3,266 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position in Telefónica by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider’s stock worth $1,573,000 after acquiring an additional 3,500 shares during the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Telefónica Stock Up 2.2 %

Telefónica stock opened at $4.47 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The firm’s 50 day moving average price is $4.45 and its two-hundred day moving average price is $4.42. The firm has a market cap of $25.32 billion, a PE ratio of -17.17 and a beta of 0.43. Telefónica, S.A. has a twelve month low of $3.89 and a twelve month high of $4.93.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.